Lower-of-Cost-or-Market Method On the basis of the data shown below: Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) A13Y 108 $31 $35 B354 222 15 13 Determine the value of the Inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit 9. x Feedback Check My Work Under lower-of-cost-or-market, for each item in inventory, choose the lower of total cost price or the total market price as the assigned value for computing inventory cost. Fi compute the total cost and total market value for each item